FPAY · As filed with the SEC

FlexShopper income statement, by quarter

The statement as FlexShopper presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Condensed Consolidated Statements of Operations · USD, except per-share amounts

USD, except per-share amounts	Q3 2024 3 months ended Sep 30, 2024	Q2 2024 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024	Q4 2023^† 3 months ended Dec 31, 2023	Q3 2023^† 3 months ended Sep 30, 2023	Q2 2023^† 3 months ended Jun 30, 2023	Q1 2023 3 months ended Mar 31, 2023	Q4 2022^† 3 months ended Dec 31, 2022
Revenues:
Lease revenues and fees, net	—	—	25,833,736	23,240,528^†	21,082,199	22,906,843	24,714,158	23,189,198^†
Loan revenues and fees, net of changes in fair value	—	—	7,331,277	7,030,221^†	10,304,247	1,625,193	6,071,617	(1,777,863)^†
Retail revenues	—	—	779,860	—	—	—	—	—
Total revenues	38,588,501	—	—	—	—	—	—	—
Lease revenues and fees, net	28,364,190	27,074,048	—	—	21,082,200^†	—	—	—
Loan revenues and fees, net of changes in fair value	9,047,165	3,314,375	—	—	10,304,247^†	—	—	—
Retail revenues	1,177,146	1,370,462	—	—	—	—	—	—
Total revenues	—	31,758,885	33,944,873	30,270,749^†	31,386,446	24,532,036	30,785,775	21,411,335^†
Costs and expenses:
Depreciation and impairment of lease merchandise	—	—	—	13,394,965^†	13,061,958	14,485,417	15,345,788	16,441,618^†
Loan origination costs and fees	—	—	—	—	—	1,655,424	1,833,627	1,127,175^†
Depreciation and impairment of lease merchandise	14,486,564	13,848,925	14,685,863	—	13,061,958^†	14,485,417^†	—	—
Loan origination costs and fees	677,913	896,040	821,827	1,129,440^†	1,389,107	1,655,424^†	—	1,127,175^†
Cost of retail revenues	—	1,059,098	611,204	—	—	—	—	—
Cost of retail revenues	923,203	—	—	—	—	—	—	—
Marketing	2,005,559	2,545,814	1,765,572	3,361,891^†	1,671,137	1,488,578	1,099,189	2,853,575^†
Salaries and benefits	4,049,422	4,224,614	4,083,918	3,565,101^†	3,231,100	2,976,008	2,726,890	2,192,082^†
Operating expenses	6,888,348	6,807,328	6,932,507	6,881,363^†	6,080,725	5,957,932	5,627,708	4,271,479^†
Total costs and expenses	29,031,009	29,381,819	28,900,891	24,654,071^†	25,434,027	26,563,359	26,633,202	26,885,929^†
Operating income	9,557,492	2,377,066	5,043,982	5,616,678^†	5,952,419	(2,031,323)	4,152,573	(5,474,594)^†
Interest expense including amortization of debt issuance costs	—	(5,226,155)	5,315,094	(5,067,088)^†	(4,746,801)	(4,568,557)	4,531,327	(3,825,348)^†
Interest expense including amortization of debt issuance costs	(5,672,594)	—	—	—	—	—	—	—
Income/ (loss) before income taxes	3,884,898	(2,849,089)	(271,112)	549,590^†	1,205,618	(6,599,880)	(378,754)	5,161,332^†
Income taxes (expense)/ benefit	(1,518,514)	1,246,030	56,933	(195,438)^†	(265,517)	1,302,225	148,539	2,742,535^†
Net income/ (loss)	2,366,384	(1,603,059)	(214,179)	354,152^†	940,101	(5,297,655)	(230,215)	7,903,867^†
Dividends on Series 2 Convertible Preferred Shares	(1,176,402)	(1,091,742)	1,069,456	7,137,820^†	(1,069,456)	(992,493)	972,233	5,559,912^†
Net loss attributable to common and Series 1 Convertible Preferred shareholders	—	(2,694,801)	(1,283,635)	(715,304)^†	(129,355)	(6,290,148)	(1,202,448)	6,002,619^†
Net income/ (loss) attributable to common and Series 1 Convertible Preferred shareholders - basic	1,189,982	—	—	—	—	—	—	—
Net income/ (loss) attributable to common and Series 1 Convertible Preferred shareholders - diluted	1,189,982	—	—	—	—	—	—	—
Basic and diluted income/ (loss) per common share:
Basic (in dollars per share)	0.05	(0.13)	(0.06)	—	(0.01)	(0.22)	(0.06)	—
Diluted (in dollars per share)	0.05	(0.13)	(0.06)	—	(0.01)	(0.22)	(0.06)	—
WEIGHTED AVERAGE COMMON SHARES:
Basic (in shares)	21,586,935	21,469,720	21,586,019	—	21,716,852	28,923,393	21,751,304	—
Diluted (in shares)	22,231,788	21,469,720	21,586,019	—	21,716,852	28,923,393	21,751,304	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.